SAFECO CORP 4
4 · SAFECO CORP · Filed Apr 25, 2007
Insider Transaction Report
Form 4
SAFECO CORPSAF
DALENTA TERESA J
Sr. Vice Pres., Chief Actuary
Transactions
- Award
Phantom Stock Units
2007-03-15$42.22/sh+88.269$3,727→ 1,251.952 total→ Common Stock (88.269 underlying) - Award
Phantom Stock Units
2007-04-23$42.07/sh+5.62$236→ 1,257.562 total→ Common Stock (5.62 underlying)
Footnotes (3)
- [F1]These Phantom Stock Units may be converted to shares of Safeco stock as follows: The number of Phantom Stock Units acquired multiplied by the price of Phantom Stock Units on the transaction date divided by the closing price of Safeco stock on the transaction date.
- [F2]These Phantom Stock Units were acquired under the Safeco Deferred Compensation Plan for Executives (the "Plan") as a result of a deferral of compensation in excess of IRC limits and will be settled in cash following termination of the reporting person's service as an officer of Safeco Corporation, or may be reallocated to another investment option pursuant to the terms of the Plan.
- [F3]These Phantom Stock Units accrued under the Plan and will be settled in cash following termination of the reporting person's employment with Safeco Corporation, or may be reallocated to another investment option pursuant to the terms of the Plan.